Page 10 - Tata Group

Tatas to invest $90 bn in India in 5 years; focus on new industries

The investment by the Tata group is a shift in its strategy to focus more in the home markets instead of international markets where the group lost money

Tata 1mg FY22 revenue up 66% to Rs 222 cr; net loss narrows to Rs 146 cr

Tata group-owned online pharmacy 1mg's revenue from operations rose 65.7 per cent to Rs 222.10 crore in FY22, while its net loss narrowed to Rs 146.30 crore, according to data sourced by business intelligence platform Tofler. Tata 1mg's revenue from operations in FY21 stood at Rs 134.04 crore and its net loss was Rs 281.41 crore. Its other income for the financial year ended March 31, 2021, was Rs 24.14 crore. Tata 1mg's total income during FY22 was at Rs 246.25 crore, up 44.19 per cent from Rs 170.78 crore in the previous year. In FY22, facilitation fees accounted for Rs 23.15 crore of revenue and Rs 139.64 crore came from lab test receipts. Tata 1mg is a leading digital consumer healthcare platform providing services such as e-pharmacy, where it delivers medicines and health products at home from licensed pharmacies in over 1,000 cities. It also provides diagnostic services from certified labs and online doctor consultations. The company was incorporated on April 20, 2015. From

Shares of two Tata group companies nearly doubled in last 3 months

The shares of two Tata group companies have been on the upswing, touching new highs at the bourses

AI puts in place transformation plan; aims 30% domestic mkt share in 5 yrs

Air India aims to have a domestic market share of 30 per cent and significantly strengthen its international operations in next five years, with the Tatas-owned airline putting in place a transformation plan after gathering feedback from staff. The carrier, which plans to induct 30 new wide-body and narrow-body aircraft, on Thursday announced 'Vihaan.AI', a comprehensive transformation plan with a detailed road map for next five years. Under the plan, the focus will be on dramatically growing both its network and fleet, developing a completely revamped customer proposition, improving reliability and on-time performance, and taking a leadership position in technology, sustainability, and innovation, as well as aggressively investing behind the best industry talent, according to a release. "Over next 5 years, Air India will strive to increase its market share to at least 30 per cent in the domestic market while significantly growing the international routes from the present market ...

Tata Sons to raise $500 mn in offshore loan, backed by BofA, SMB

Tata Sons will raise $500 million in offshore borrowings, backed by Bank of America, SMBC of Japan and Standard Chartered Bank

Indian semiconductor industry may benefit from the proposed US CHIPS Act

US Chips act has a total outlay of $53 billion, five times India's PLI scheme for semiconductors which amounts to $10 billion

Tata Sons to invest Rs 975 crore in Pune IT City Metro rail project

The Rs 7,420-crore, 23-km project is being financed through debt-to-equity of 1.8 times and the entire debt has been tied up, and the envisaged equity commitment is supported by Tata Sons

Battle for skies: Tatas kick-start Air India fleet expansion via leasing

Airline to offer premium economy class

Tata group in talks with Bisleri to acquire a stake in company: Report

Tata Group is understood to have initiated talks with Bisleri International to acquire a stake in the packaged water company, according to sources. It is in a very preliminary stage and would be premature to say a deal would fructify, a person in the know of the development said. The Tata Group houses its consumer business under Tata Consumer Products Ltd (TCPL) which also sells packaged mineral water under the brand Himalayan and with brands as Tata Copper Plus Water and Tata Gluco+ in the hydration segment. The talks are understood to have been initiated by the Tata group FMCG arm TCPL. However, when contacted both the companies denied commenting over the development. "Tata Consumer Products does not comment on market speculation," said a Tata Consumer Products spokesperson in an e-mailed reply. A Bisleri International spokesperson also said it "does not comment on market speculation". According to industry observers, if the deal is finalised, it would provide the Tata group F

Tata Consumer enters health supplements biz with 'GoFit' range for women

Tata GoFit is available in two pack sizes of 500 grams and one kg, with 18 grams of protein per serving of 25 grams in two flavours--rich chocolate and cafe mocha

Air India goes on a digitisation drive to enhance its efficiency

On Friday, the airline announced it was vacating government-owned premises as part of consolidation of workplaces

Tata Neu onboarding Titan by Diwali; Tata Motors and Air India next

Tata Neu 2.0: Super app to undergo revamp for a better user experience

Tata Group in talks with Wistron for manufacturing iPhones in India

For Wistron, India is yet another battle ground where it faces rivals such as Foxconn and Pegatron

Top headlines: Indian forex reserves, Kharif rice production, and more

Foreign exchange reserves declining to government making first disbursement under PLI scheme, here are the top headlines of the day

Tata Group in talks with Apple's Taiwanese supplier for assembling iPhones

An Indian company making iPhones would be a massive boost for the country's effort to challenge China. It could also persuade other global electronics brands to consider assembly in India

Deepak Parekh, Anil Ambani among corporate leaders to pay tribute to Mistry

Family friend and NCP leader Supriya Sule joins hundreds of SP group employees and others at the funeral Tuesday morning. Reliance Jio chief Akash Ambani among mourners

Is wearing a seat belt mandatory while travelling in the rear seat?

Under Rule 138 (3) of the Central Motor Vehicle Rules, a person "seated in the front seat or the persons occupying front facing rear seats" is required to wear seat belts

Cyrus Mistry's death brings attention back to the Shapoorji Pallonji Group

In 2012, Mistry was appointed as the chairman of the Tata Group. His brother, Shapoor Mistry, was entrusted with the responsibilities of the SP Group

Former Tata group chairman Cyrus Mistry, 54, dies in car accident

His death comes as a blow to Shapoorji Pallonji group

'He was destined for greatness': India Inc grieves Cyrus Mistry's death

Leads to an outpouring of grief and shock among his industry colleagues